16 Stirling Place, Galashiels

Sold Subject to Contract £115,000

3 1 1
We are delighted to bring to the market this fantastic self-catering apartment located in the very heart of Galashiels town centre, within easy walking distance to Galashiels Train Station and Transport Interchange. The property is currently registered as a Self Catering Establishment with three individual bedrooms serviced with a well-equipped kitchen, bathroom and lounge. The current owner achieves a rental income in the region of £115 / room per week. The property is ideally suited to an investor looking for a high yielding investment opportunity for short term lets or student accommodation. The property is currently registered for Non-Domestic Rates.

Internally

The property is entered via a timber door providing access to the hallway, lounge, bathroom kitchen and Bedroom 3. A staircase leads to a large landing on the second floor with two further bedrooms. Each bedroom is self-contained with adequate space for a double bed and storage.

Kitchen

The kitchen is fitted with a range of wall and base units overlaid with laminated worktops incorporating a stainless-steel sink. There are free standing appliance spaces for a cooker, fridge freezer and washing machine.

Bathroom

The Bathroom is fitted with a 3-piece suite including WC, pedestal wash hand basin and bath with electric shower and tiled splashbacks.

Rental Income

The current owner rents each bedroom at a rate of £115 / per room per week, achieving a monthly rental income between £960 - £1200 PCM.

Services

Mains waster (metered), gas, electric and drainage. Gas Central Heating and double glazing. An integrated smoke alarm system has been installed.

Location

The property is located within a well-established residential and commercial district close to shops, bars and restaurants within Galashiels town centre. Car parking is available close-by.

The Galashiels Interchange is located directly across the road, providing regular bus routes throughout the Scottish Borders and beyond to Edinburgh, Carlisle and Berwick Upon Tweed. The Interchange also houses the train station with regular train services to Edinburgh Waverley Station making Galashiels the perfect location for commuting to the City. Journey times are typically under one hour.

Fixtures & Fittings

All fitted carpets, floor coverings, blinds are to be included within the sale. Furniture items and white goods may also be available by separate negation.

Home Report

A copy of the Home Report is available to download from our website.

Viewings

Strictly By Appointment via James Agent.

Offers

All offers should be submitted in writing in standard Scottish Legal format by your solicitor to James Agent (the selling agent). All interested parties are advised to instruct a note of interest via their solicitor. In the event of a closing date being set the Seller shall not be bound to accept any offer and the seller also reserves the right to accept any offer at any time.

Floorplan for 16 Stirling Place, Galashiels
EPC Graph for 16 Stirling Place, Galashiels
Similar Property

Request a valuation

Find out how much your property is worth